NVIDIA's Q2 results point to growth in gaming and automotive, slight hit from Shield Tablet recall

NVIDIA has reported its Q2 earnings for the Fiscal Year 2016, noting an overall rise in revenue of 5 percent, coming in at $1.153 billion over $1.103 billion from the same period a year ago. NVIDIA pins its positive results on growth in its gaming and automotive businesses:

Our gaming platforms continue to be fueled by growth in multiple vectors — new technologies like 4K and VR, blockbuster games with amazing production values, and increasing worldwide fan engagement in e-sports. We're working with more than 50 companies that are exploring NVIDIA DRIVE to enable self-driving cars. And our GPU-accelerated data center platform continues to make great strides in some of today's most important computing initiatives — cloud-based virtualization and high performance computing applications like deep learning.

The company also reported a net income of $26 million, which resulted in a earnings of five cents per share. It should be noted that earnings per share were affected in part by the Shield Tablet recall that the company initiated at the end of July over problems with overheating batteries.